Bill > HR948

This bill introduces a refundable tax credit to help homeowners in wildfire-prone areas mitigate fire risks by providing financial support for specific home improvement and landscaping projects. Specifically, the bill allows taxpayers to claim a credit equal to 25% of qualified wildfire mitigation expenditures, with a maximum credit of $25,000 per year. Eligible expenditures include installing fire-resistant roof materials, upgrading exterior components like walls and decks, creating defensible spaces by removing flammable vegetation, and implementing smoke prevention measures. The credit is available only for primary residences located in areas that have experienced wildfires or been designated as disaster resilience zones within the past 10 years. The credit phases out for taxpayers with adjusted gross incomes above $200,000 and will be adjusted annually for inflation. Homeowners must provide documentation of their mitigation expenses, and the credit will be available for expenditures made between 2025 and 2032. This legislation aims to incentivize proactive fire prevention measures and help homeowners in high-risk areas reduce potential wildfire damage.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/948/all-info